RDA inflows jump 29pc in March

March emerged as the most beneficial month of the current financial year for the country, as inflows from all sources increased, along with a 29 per cent rise in receipts through Roshan Digital Accounts (RDA). The State Bank of Pakistan (SBP) reported that inflows through RDA increased by $182 million in March, up 29pc from $141m in February, bringing the total to $7.660 billion, compared to $7.478bn in the previous month. This growth is encouraging for both the SBP and the government, as they struggle to improve their payment capacity for imports and debt servicing. The breakdown of inflows in March, as reported by the SBP, shows that out of the total inflow ($182m), $17m has been repatriated so far. The amount utilised locally during the same month was $135m, resulting in a net liability to be repatriated of about $30m. The country has received a total amount of $7.66bn under RDA so far. This is encouraging for the government, as out of these total inflows, $4.8bn has been utilised locally. This indicates that the inflow under RDA has reduced the burden on the SBP to provide more dollars. The SBP reported that $1.576bn under RDA has been repatriated so far, leaving $1.283bn to be repatriated.